Information  X 
Enter a valid email address

Legendary Invest PLC (LEG)

  Print      Mail a friend

Monday 28 January, 2013

Legendary Invest PLC

Purchase of shares in Creon Resources Plc

RNS Number : 4976W
Legendary Investments PLC
28 January 2013
 



Legendary Investments PLC

("Legendary")

 

28 January 2013

 

Purchase of shares in Creon Resources Plc, and issue of shares

 

Legendary is pleased to announce that it has purchased 19,230,769 shares in Creon Resources Plc ("Creon"), equal to 0.7% of the total share capital of Creon. Creon is an AIM quoted investment company whose remit is to invest principally, but not exclusively, in the resources and/or resources infrastructure sectors. This purchase provides Legendary immediate exposure to the offshore marine rig vessel sector.

 

Creon made a loss for the year to 31 January 2012 of £645,276 and had a Net Asset Value of £11.8m at 31 July 2012. The Qatar Investment Corporation is the largest shareholder of Creon with a 72.8% stake, and Mr Ghanim Bin Saad Al Saad Al Kuwari is the Non-Executive Chairman.

 

Information on Creon is available at http://www.creoncorporation.com/

 

Consideration for these shares comprised £50,000 in cash and 68,181,818 Legendary ordinary shares of nominal value 0.1p each ("Ordinary Shares").

 

Application will be made for the 68,181,818 Ordinary Shares to be admitted to trading on AIM. Such admission is expected to occur on 1 February 2013. Following admission, Legendary's enlarged issued share capital will comprise 1,643,349,016 Ordinary Shares.

For further information, please contact:

Contact:



Legendary Investments Plc

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton Corporate Finance

 

Colin Aaronson/ Melanie Frean / Jen Clarke

 

020 7383 5100

Simple Investments                

Nick Emerson/ Andrew Thacker

01483 413500

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUWAURONAAUAR

a d v e r t i s e m e n t